SHANGHAI, China, Nov. 01, 2022 (GLOBE NEWSWIRE) — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun” or the “Company”), the main model e-commerce service accomplice that helps manufacturers execute their e-commerce methods in China, introduced that the Company’s voluntary conversion of its secondary itemizing standing to a main itemizing standing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) turned efficient at the moment. Baozun is now a twin main itemizing firm on each the Hong Kong Stock Exchange and the Nasdaq Global Select Market (“Nasdaq”).
Mr. Vincent Qiu, Chairman and Chief Executive Officer of Baozun, commented, “Today marks a significant milestone in our capital market journey. With a primary listing on the Hong Kong Stock Exchange, we anticipate further expanding our investor base, providing more liquidity for our securities and offering more convenience and flexibility to our investors and stakeholders.”
The Company’s American Depositary Shares (“ADS(s)”) listed on the Nasdaq and the Class A peculiar shares listed on the Hong Kong Stock Exchange (the “Class A Ordinary Share(s)”) are fungible, and traders can proceed to decide on to carry their shares in the kind of ADSs traded on the Nasdaq or Class A Ordinary Shares traded on the Hong Kong Stock Exchange. ADSs and Class A Ordinary Shares are convertible in each instructions, topic to sure limitations. The conversion between ADSs and Class A Ordinary Shares, in both course, will typically be accomplished electronically inside two Hong Kong/U.S. business days below regular circumstances. If you’re an investor, please attain out to your dealer for additional data on procedures and prices for conversion between ADSs and Class A Ordinary Shares. If you’re a dealer, please attain out to JPMorgan Chase Bank, N.A., performing as Depositary in the U.S. or its Custodian in Hong Kong, to impact a conversion between ADSs and Class A Ordinary Shares. All prices attributable to impact a withdrawal of ADSs from or a deposit of Class A Ordinary Shares into the ADS program might be borne by the requesting investor.
Safe Harbor Statements
This press launch comprises forward-looking statements. These statements are made below the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology resembling “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” “ongoing,” “targets,” “guidance,” “going forward,” “outlook” or different comparable expressions. Statements that aren’t historic information, together with however not restricted to statements about Baozun’s beliefs and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties. A quantity of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the Company’s filings with the U.S. Securities and Exchange Commission and the Company’s bulletins, notices or different paperwork revealed on the web site of the Hong Kong Stock Exchange. All data supplied on this press launch is as of the date of this press launch and is predicated on assumptions that the Company believes to be cheap as of this date, and the Company doesn’t undertake any obligation to replace such data, besides as required below the relevant regulation.
About Baozun Inc.
Baozun Inc. is the chief and a pioneer in the model e-commerce service business in China. Baozun empowers a broad and various vary of manufacturers to develop and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel protection and technology-driven options. Its built-in one-stop options tackle all core elements of the e-commerce operations masking IT options, on-line retailer operations, digital advertising and marketing, buyer companies, and warehousing and achievement.
For extra data, please go to http://ir.baozun.com.
For investor and media inquiries, please contact:
Baozun Inc.
Ms. Wendy Sun
Email: [email protected]
